9/13/2020 445 Active Listings vs 12/10/2021 86 Active listings; where's the bottom? I cut my teeth in local Real Estate when we averaged 1000-1500 listings. 234 Pendings without counting new construction, dwindling as the inventory heads to zero.
DOM Sold Listings; 8/30/20; Median 27 Ave 73 vs 12/10/21 Median 6 Ave 27
For the week of 12/3/2021
Price Decrease (7)
Price Increase (0)
New Listing (10)
Back On Market (5)
Pending (39)
Sold (54)
Withdrawn (1)
Expired (4)
At this point if that perfect property comes up, buy it. Otherwise it's time to be patient and wait for the spring surge in listings.
According to Land Title; Monetary volume in October 2021 was up 20% from October 2020. Transactions were down 26% from October 2020. YTD 2021, $ volume is pacing 48% up and transactions are up 15% from YTD 2020. Full Report